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CALGARY, AB, November 9, 2021 / CNW / – Avanti Energy Inc. (TSXV: AVN) (US OTC PINK: ARGYF) (the “Companyâ€) is pleased to announce that it has signed a contract with T&S Drilling for its initial three-well drilling program on its 100% owned lands by Greater Knappen in northern Montana.
The initial drilling program is scheduled to begin in early December and will target three separate pay zones, two in the Beaverhill Lake Formation and one in the Basal Sandstone Formation. The drill targets have structural peaks with a relief of 70m to>200m. Previously drilled wells surrounding the Avanti lands show high helium indices in several Devonian and Cambrian targets with percentages of helium up to 2% and percentages of nitrogen up to 96%.
Chris Bakker, CEO of Avanti, commented: “We are delighted to have engaged T&S Drilling and now have a clear line of sight to dig our first well and unlock the great potential of Greater Knappen. The technical interpretation of the direction of only 7 of the 10 structures suggests an estimated potential for safe and undiscovered resources of between 1.4 and 8.9 billion cubic feet of recoverable helium. “
Avanti continues to assess multiple opportunities across Western Canada and United States to build an industry-leading helium business with a leading portfolio of potential land.
The Company has also retained the services of B2I DIGITAL, Inc. (“B2I”) to provide digital marketing consulting services to Avanti pursuant to a consulting contract (the “Agreement”) dated November 2, 2021. B21 has been engaged to help the Company broaden its outreach to the investment community (the “Servicesâ€).
B21 and its principal, David Shapiro, currently have no interest, directly or indirectly, in the Company or its securities. B2I has agreed to comply with all applicable securities laws and policies of the TSX Venture Exchange (the “TSXVâ€) in providing the Services.
B2I was hired by the Company for an initial period of six months, from November 15, 2021 (the “Initial Term”) with the possibility of renewing on a monthly basis. Either B2I or the Company may terminate the Contract at any time by giving thirty days notice to the other party after the Initial Term. B2I will receive a monthly fee of US $ 6, 000 during the initial term.
About Avanti Énergie
Avanti Energy focuses on exploration, development and production of helium in the west Canada and United States. Avanti’s professional oil and gas exploration and production team is actively targeting potential untapped helium reserves to help meet the growing global demand for an irreplaceable and scarce element essential to the technology industries. advanced, medicine and space exploration. For more information, please visit the company’s website at www.avantienergy.com.
Forward-looking statements
The information contained in this press release contains forward-looking statements based on assumptions as of the date of this press release. These statements reflect the current estimates, beliefs, intentions and expectations of management. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of important factors, many of which are beyond the control of the Company. These factors include, among others: risks and uncertainties associated with the Company’s limited operating history and the need to comply with environmental and government regulations. Therefore, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Unless required by applicable securities legislation, the Company assumes no obligation to publicly update or revise forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Avanti Energy Inc.
For More Information: For corporate and shareholder inquiries, please contact: Avanti Energy, Investor Relations, Phone: 403-394-0409, Email: [email protected], Avanti Energy Inc., Website: www.avantienergy.com
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